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U.S. farmers earn 11.9 cents for each Thanksgiving food dollar

Christian Fernsby |
For every dollar Americans spend on their Thanksgiving dinner this year, farmers and ranchers will earn approximately 11.9 cents, according to National Farmers Union (NFU).

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Though farmers’ increasingly small share of food expenditures could be blamed on dropping commodity prices in years past, that isn’t the case this Thanksgiving; after cratering during the pandemic, prices for many agricultural products have mostly recovered. Instead, the shift can be attributed to higher grocery bills

“Ordinarily, Thanksgiving is a time to gather with our loved ones and enjoy a big meal,” said NFU President Rob Larew.

“But for many Americans, the typical, food filled get together won’t be possible, and not just because of public health concerns. With millions out of work and no additional government support in sight, the cost of traditional holiday foods may simply be out of reach for some families.”

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